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In the economy of Kwartengland the following figures are given for economic activity which was undertaken in 2013. All the figures are million Ghana Cedis
In the economy of Kwartengland the following figures are given for economic activity which was undertaken in 2013. All the figures are million Ghana Cedis Investment Consumption Expenditure = 1000+ 0.8 YD Spending=500 Government Expenditure - 2450 Personal Taxes 100 Exports: 100 Imports = 150 1. Calculate the equilibrium real GDP for the economy 2 What is the level of consumption at the equilibrium level of GDP
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